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This Hedge Fund Manager Says ‘Stay Away’ From Alibaba

Benzinga – Lemelson Capital Management Chief Investment Officer Rev. Emmanuel Lemelson warned investors to “stay away from new issues” including Alibaba Group Holding Ltd
BABA.

Lemelson told Benzinga that the sellers, which includes insiders and investment banks, “have a vested interest in selling to you at a price they know is above true value.”

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